Repairing Your Credit and Identifying Credit Scams
Josh Talayka | May 1, 2007
Many people every year get taken advantage of by thousands of scam artists that prey on distressed consumers in need of credit repair. They advertise that for a fee, they can wipe your slate clean. In 1997, the Credit Repair Organizations (CRO) Act was passed to put guidelines on what these businesses can do. However, many still choose to ignore it, and can potentially get you into not only financial trouble, but also criminal trouble.